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South Bend Redevelopment Commission <br />Regular Meeting -August 6, 2010 <br />6. NEW BUSINESS (CONT.) <br />B. Airport Economic Development Area <br />(8) continued... <br />areas. The back yard perimeter has privacy <br />fencing, and there is a vacant lot adjacent to <br />the east. Resolution No. 2741 sets the <br />acquisition value of the property at $24,000, <br />the average of two independent appraisals. <br />Upon a motion by Mr. Varner, seconded by <br />Mr. Downes and unanimously carried, the <br />Commission approved Resolution No. 2741 <br />related to acquisition of property at 807 W. <br />Indiana Avenue. (Hell's Angels) <br />(9) Staff report on Administrative Settlement <br />for 807 W. Indiana Avenue. (Hell's <br />Angels) <br />Mr. Relos noted that 807 W. Indiana Avenue. <br />The private club that occupies this property <br />has decided to accept the purchase offer of <br />$24,000, but they need relocation assistance <br />to acquire and make improvements to a new <br />building for their move. Because City <br />ordinance allows private clubs to locate only <br />in Local Business or Mixed Use zoned areas, <br />this limits where the club can relocate. <br />Additionally, private clubs need a special <br />exception to locate even in these two zoned <br />areas. <br />The club has found a building cun-ently for <br />sale in a Mixed Use zoned area. They have <br />made an offer to purchase, contingent on the <br />Commission's relocation assistance approval. <br />and the special exception and variances they <br />need. The building was originally listed in <br />2007 for 5144,900, later reduced to <br />COMMISSION APPROVED RESOLUTION NO. 2741 <br />RELATED TO ACQUISITION OF PROPERTY AT 807 <br />W. INDIANA AVENUE. (HELL'S ANGELS <br />19 <br />